5 Questions
Commerce is the large-scale organized system of activities, functions, procedures and institutions that directly or indirectly contribute to the smooth, unhindered distribution and transfer of goods and services on a substantial scale and at the right time, place, quantity, quality and price through various channels from the original producers to the final consumers within local, regional, national or international economies
commerce
The ______ in the distribution of natural resources, differences of human needs and wants, and division of labour along with comparative advantage are the principal factors that give rise to commercial exchanges
diversity
Commerce consists of trade and aids to trade along the entire supply chain
commerce
Trade is the exchange of goods (including raw materials, intermediate and finished goods) and services between buyers and sellers in return for a price at traditional (or online) marketplaces
trade
It is categorized into ______ trade, including retail and wholesale as well as local
domestic
Test your knowledge of commerce with this quiz! Explore topics such as supply chain management, marketing, trade, retail, finance, and more. See how well you understand the organized system of activities that contribute to the distribution and transfer of goods and services on a substantial scale.
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